Latest News
Key Investment Solutions Rebrands as Blastics with Acquisition of StripMasters
Friday 14 June 2019

14 June 2019 - Kentucky, US-based investment company Key Investment Solutions has acquired Kentucky based StripMasters, an eco-friendly alternative to chemical paint stripping, to rebrand under the new company name Blastics to reflect its core business of recycled plastic media blasting, the company said.
Terms of the transaction were not disclosed. Key Investment will invest an additional USD 2m to expand capacity at StripMasters' Georgetown, Kentucky facility in 2019.
Blastics offers an environmentally-friendly alternative to sandblasting and chemical stripping
Blastics uses a proprietary paint-removal process called plastic media blasting to gently and precisely remove paint and coating from hard surfaces, such as aluminum parts or aluminum alloy wheels. Unlike sandblasting or chemical stripping, Blastics uses recycled plastic media to strip coated surfaces, which is environmentally-friendly and nontoxic.
The blasting media used in Blastics' chemical-free stripping process is made from 100% recycled materials like aircraft windshield scraps.
Key Investment Solutions specialises in new business development, acquisitions, seed money and infrastructure assistance for start-up businesses, and capital and leadership for business expansion and growth.
BLASTICS offers an environmentally-friendly, nontoxic alternative to sandblasting and chemical stripping by using recycled media to quickly, gently, and precisely remove paint or coating from most surfaces.
Details
Date Published: 14/06/2019
Target: StripMasters
Country: USA
Sector: Machinery/Engineering
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Key Investment Solutions
Comment:
Terms of the deal were not disclosed

Options